American Assets Trust Inc (AAT)

NYSE · Real Estate · REIT - Diversified · USA

American Assets Trust Inc is a small cap company (market value between $300 million and $2 billion) in the REIT - Diversified industry.

American Assets Trust is a self-administered real estate investment trust that owns, operates and develops office, retail, multifamily and mixed-use properties across the U.S. West Coast and Hawaii. Its portfolio comprises office buildings, shopping centers, a hotel with retail space, and residential complexes, concentrated in markets including San Diego, the San Francisco Bay Area, Bellevue, Portland and Oahu.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the American Assets Trust Inc stock.

Our verdict on AAT

Slightly undervalued: intrinsic value $24.74 per share, market price $20.75, margin of safety 16.1% (as of 2026-10-20).

Discounting its cash flows at 7.3% (average of 3 methods) values the shares at $24.74; the price of $20.75 is 16% below that value, and 82% of that value comes from beyond year five.

Leak Score: 57/100 on 10 of 12 signals (Weak Signal).

ETFs with the most weight in AAT

17 more funds hold it; the full list is part of the paid plan.

More on AAT

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Cheaper than AAT in REIT - Diversified

1 more in this industry show a wider margin of safety.

Is AAT undervalued or overvalued?

AAT is slightly undervalued (as of the 2026-10-20 close). Discounting its cash flows at 7.3% (average of 3 methods) values the shares at $24.74; the price of $20.75 is 16% below that value, and 82% of that value comes from beyond year five.

What is the intrinsic value of AAT?

$24.74 per share (as of the 2026-10-20 close), against a market price of $20.75. That is a margin of safety of 16.1%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.

What is American Assets Trust Inc's Leak Score?

57 out of 100, which we rate "Weak Signal", on 10 of 12 value investing signals.